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SHEPPARD v. OLD HERITAGE MUT. INS. CO.

492 Pa. 581 (1980)

425 A.2d 304

William J. SHEPPARD, Insurance Commissioner of the Commonwealth of Pennsylvania, Appellee, v. OLD HERITAGE MUTUAL INSURANCE COMPANY, Appellant. William J. SHEPPARD, Insurance Commissioner of the Commonwealth of Pennsylvania v. OLD HERITAGE MUTUAL INSURANCE COMPANY, Appellant.

Supreme Court of Pennsylvania.

Decided March 20, 1980.

Reargument Denied February 18, 1981.

Attorney(s) appearing for the Case

Malcolm H. Waldron, Jr., Philadelphia, for appellant.

Joseph Kenneth Hegedus, Norman J. Watkins, Harrisburg, for appellee.

Before EAGEN, C.J., and O'BRIEN, ROBERTS, NIX, MANDERINO, LARSEN and FLAHERTY, JJ.

OPINION

NIX, Justice.

Appellant, Old Heritage Mutual Insurance Company, is an assessable mutual casualty insurance company organized pursuant to the insurance laws of this Commonwealth and licensed by the Insurance Commissioner (Commissioner) to engage in the business of health and accident insurance. After Old Heritage filed its annual financial statement detailing its financial condition as of December 31, 1975...

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